印度女性董事能改善公司绩效和风险吗?

IF 0.9 Q3 BUSINESS, FINANCE

Quarterly Journal of Finance Pub Date : 2020-11-17 DOI:10.1142/s2010139221500063

Rwan El-Khatib, Nishi Joy

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引用次数: 7

摘要

2013年，印度颁布了一项法律，要求所有上市公司至少有一名女性董事会成员。我们的研究结果表明，董事会中有女性可以提高公司绩效，降低公司破产风险。利用董事背景和社会关系的数据，我们发现女性董事的独立性、社会网络规模、委员会成员人数和研究生学历是影响董事独立性的重要因素。我们的结果在使用工具变量(IV)和差异中的差异(DID)方法解决内生性后保持不变。

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Do Women Directors Improve Firm Performance and Risk in India?

We examine board diversity in India following a 2013 law requiring all public companies to have at least one female board member. Our results indicate that having women on the board of directors improves firm performance and reduces firm bankruptcy risk. Using data on directors’ backgrounds and social connections, we find that important factors include female directors’ independence, social network size, committee memberships, and graduate education. Our results hold after addressing endogeneity using instrumental variable (IV) and difference-in-differences (DID) approaches.

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来源期刊

Quarterly Journal of Finance BUSINESS, FINANCE-

CiteScore

1.10

自引率

0.00%

发文量

期刊介绍： The Quarterly Journal of Finance publishes high-quality papers in all areas of finance, including corporate finance, asset pricing, financial econometrics, international finance, macro-finance, behavioral finance, banking and financial intermediation, capital markets, risk management and insurance, derivatives, quantitative finance, corporate governance and compensation, investments and entrepreneurial finance.